Please note that due to market volatility, some of the below sight prices may have already been reached and scenarios played out.
EUR/USD INTRADAY: CONTINUATION OF THE REBOUND.Pivot: 1.2695
Most Likely Scenario: Long positions above 1.2695 with targets @ 1.2755 & 1.2775 in extension.
Alternative scenario: Below 1.2695 look for further downside with 1.2675 & 1.2655 as targets.
Comment: The pair remains on the upside and is challenging its new resistance.
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GBP/USD INTRADAY: BULLISH BIAS ABOVE 1.5855.Pivot: 1.5855
Most Likely Scenario: Long positions above 1.5855 with targets @ 1.5905 & 1.5925 in extension.
Alternative scenario: Below 1.5855 look for further downside with 1.583 & 1.5815 as targets.
Comment: The pair stands above its new support.
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USD/JPY INTRADAY: THE UPSIDE PREVAILS.Pivot: 79.55
Most Likely Scenario: Long positions above 79.55 with targets @ 79.95 & 80.1 in extension.
Alternative scenario: Below 79.55 look for further downside with 79.3 & 79.15 as targets.
Comment: The pair stands above its new support and remains on the upside.
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AUD/USD INTRADAY: BULLISH BIAS ABOVE 1.0395.Pivot: 1.0395
Most Likely Scenario: Long positions above 1.0395 with targets @ 1.0475 & 1.0495 in extension.
Alternative scenario: Below 1.0395 look for further downside with 1.0355 & 1.0325 as targets.
Comment: The break above 1.0395 is a positive signal that has opened a path to 1.0475.
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GOLD (SPOT) INTRADAY: TARGET 1738Pivot: 1717.00
Most Likely Scenario: LONG positions above 1717 with 1738 & 1746 in sight.
Alternative scenario: The downside penetration of 1717 will call for 1711 & 1702.
Comment: The RSI is mixed to bullish.
« PREVIOUS | NEXT »CRUDE OIL (DEC 12) INTRADAY: UP TURN.Pivot: 84.50
Most Likely Scenario: LONG positions above 84.5 with 86.5 & 87.3 in sight.
Alternative scenario: The downside breakout of 84.5 will open the way to 84.05 & 83.5.
Comment: The RSI is bullish and calls for further upside.
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